Guyana set to earn close to 1 million US dollars per day from profit oil, royalties

Mo money mo money fuh pnc/afc fuh thief out. 

Meanwhile all the development and improvements promised by the afc/pnc has long been abandoned once they ascended to power.  And the slop can crew is ok with them backpeddling on campaign promises.

I highly doubt Guyana will get this kind of money. The politicians will screw up

Drugb posted:

Meanwhile all the development and improvements promised by the afc/pnc has long been abandoned once they ascended to power.  And the slop can crew is ok with them backpeddling on campaign promises.

Guyana set to earn close to 1 million US dollars per day from profit oil, royalties ....and there will be daily 'jump-up' and 'wine-up' on the streets of Georgetown to glorify Granger and his Goons !!!!

Suh which Political party is better to handle the money for the benefit of the people ??

Amral posted:

I highly doubt Guyana will get this kind of money. The politicians will screw up

Even if they do get his kind of money it will all be offsetted by new expenditures on the hiring of more ministers and advisers in addition to huge salary increases.  Little will be left for the ordinary man.

Backball, Wine and Go Down Low, Bachanal, Nuff Nuff Sweethomen and Party. Sweet Sweet Guyana.

But I will believe it when I see it. I hope the PNC and the Namakaram Crabdaag dont hold hooooooooooood!

Drugb posted:

Mo money mo money fuh pnc/afc fuh thief out. 

You must really be angry that Jagdeo is likely not to be able to steal this.  At least not in the first year. Jagdeo is apoplectic with rage that he cannot put his grubby hands on all of this cash.

Drugb posted:

Meanwhile all the development and improvements promised by the afc/pnc has long been abandoned once they ascended to power.  And the slop can crew is ok with them backpeddling on campaign promises.

So what happened to all the development promised by the PPP. A few rich members of the Indocracy became even richer.  Many PPP supporters fled to Barbados and Trinidad to be the cheap labor.

Do you know what Trinidadians mean when they say they want a "Guyanese". They mean maid or gardener.

Boy Guyana was a beauty prior to 1992 for Hope Estate Slaves!!!!!!!!!!!!!!!!!

a million  a day is not a lot of money. Guyanese industry, bauxite and rice and sugar brought in comparable income when they were profitable. With these dead we are still threading water

Hmm 365 million a year 366 in a leap year while the other side is making 1 billion a month, dazzle them with wan shiny penny and hide the dull dollar is and will always be the story of black gold.  

Django posted:

Suh which Political party is better to handle the money for the benefit of the people ??

It's not the party with the man who stole $5mil(USD) and tied it to his goady. It's not the party who gave themselves 50% raise. It's not the party who when they have money, they sport up and wine down low. It's not the party who spruce up their residences, live in luxury and leave the population to live in poverty. You get my drift bai?

How does the PPP plan to get back into power?

Nothing, just leave the Namakaram Crabdaag and the GADAHA to continue to show their INCOMPETENCE, STUPIDITY and propensity to STEAL and BRUK!

The Guyanese people voted for change NOT exchange.

ball posted:

Hmm 365 million a year 366 in a leap year while the other side is making 1 billion a month, dazzle them with wan shiny penny and hide the dull dollar is and will always be the story of black gold.  

Given that the government has no ownership interests, didn't sink a penny into the highly risky aspect of exploration and has nothing at risk its to be expected that Exxon will make more out of this.

The question is whether the deal negotiated with Exxon by the PPP, as amended by APNU/AFC, meets international standards.

Mitwah posted:

How does the PPP plan to get back into power?

Doing nothing but observing the coalition government insult its own core bases of support (assuming that AFC has any which was never established that it did).  APNU supporters aren't going to vote in the numbers that they did in 2015.  This means a PPP victory is quite likely.

PPP supporters are docile and easily intimidated into voting race.  PNC supporters are more independent minded and more inclined to punish their party by not voting.  They did so in 2006 and I predict they will do so again in 2020.  The floating swing vote, which lacks an allegiance to any party, can be expected to stay home too.

At this point I don't think that either the PPP nor APNU/AFC can get too arrogant about the prospects of victory.  I do however expect that Jagdeo, thirsting for power, access to petro cash, and drooling with a rage to punish blacks, will work harder to win. 

Nagamootoo and Granger might just take their marbles and go home.  Ageing and not especially greedy and guaranteed a lofty pension they most likely will not fight too hard to win.  Not sure who within the APNU/AFC will fight as they certainly shut out younger voices who have a more vested interest in ensuring a Jagdeo defeat.  Of the younger crowd only Nigel Hughes has a power base, and he seems reluctant to enter politics as his law practice is too lucrative to give up.

skeldon_man posted:

Django posted:

Suh which Political party is better to handle the money for the benefit of the people ??

It's not the party with the man who stole $5mil(USD) and tied it to his goady. It's not the party who gave themselves 50% raise. It's not the party who when they have money, they sport up and wine down low. It's not the party who spruce up their residences, live in luxury and leave the population to live in poverty. You get my drift bai?

And its not the party which consisted of people who couldn't afford a bicycle in 1992 but who became multimillionaires in US dollars by 2015.

Under the PPP Guyana becomes Nigeria. Under APNU it becomes Ghana. While corruption is endemic among both the PPP boys carry their greed to obscene levels.

And talking about wining. I suggest you don't babble too much because Mitwah will bring out pics of Jagdeo and Ramotar perched in some women's butts trying to do god knows what. And also Jagdeo scratching and feeling up his testicles in full view of every one in NYC and in the Indian Diaspora.

Hey ladies, take off your racist lenses and read Caribj's words of wisdom. Caribj, firget about dem pics. Bai, meh saving meh energy fuh 2020. 

Mitwah posted:

Hey ladies, take off your racist lenses and read Caribj's words of wisdom. Caribj, firget about dem pics. Bai, meh saving meh energy fuh 2020. 

The mere threat of those pictures reappearing will terrify those PPP frauds into silence.  The sight of Jagdeo scratching his balls in Fifth Ave in broad daylight with the entire Indian Diaspora watching was too embarrassing for them.  They still cannot live down the shame.

Now can they forget the shame of seeing Jagdeo and Ramotar "buggering" obese black women.  They would have done more of this had Jubilee occurred under a PPP regime.

I have yet to see Granger "wining down". 

caribny posted:

So what happened to all the development promised by the PPP. A few rich members of the Indocracy became even richer.  Many PPP supporters fled to Barbados and Trinidad to be the cheap labor.

Do you know what Trinidadians mean when they say they want a "Guyanese". They mean maid or gardener.

Lies as usual. If you were an honest person you would acknowledge the massive amounts of development under the PPP.  Any person visiting Guyana pre 1992 and post 1992-2005 would immediately notice the massive difference for the better.  New schools, new hospitals, new power plants, new bridges, new roads etc. And a flourishing private sector that the PNC have now destroyed. 

As for trini and gardeners, this is another lie. In fact Guyanese go their and employ trinis to work in their places of business. 

Prashad will believe it when he sees it.

'This tabulation is based on a 120,000 barrels per day production rate, and the 2% royalty and 50% profit oil set out in the terms of the Production Sharing Agreement (PSA) between the South American country and US super-major, ExxonMobil.'

How was this forecasted?  If the numbers hold, not bad.

Financial forecasting is based on estimation to value company's earnings. Nothing is concrete until the year 2020. 

Drugb posted:

..  Any person visiting Guyana pre 1992 .

Now you have me rolling on the ground. Now Indo Guyanese go to Trinidad and hire the much better educated Indo Trinidadians.  What a joke.

Any analysis of Guyana identifies that by 1992 the economy had already began to recover because of the economic reforms by Hoyte, who also began to reduce the state control of the economy by divesting several state owned corporations. DDL being one of them. 

Freeing the economy also encouraged remittances as shortages of basics ended and so the need to send in barrels filled with goods was replaced by wiring funds instead.  These proceeds went into the retail sectors and into construction and transportation.

The growth that began under Hoyte continued under Cheddi. By 2000 the impacts of the reforms began to weaken and the economy stagnated until soaring gold prices around 2007 rescued the economy.

So in fact credit should go to Hoyte for reforming the economy, and to Cheddi for respecting this and not seeking to undermine these reforms with Marxist Leninism.  He succeeded in getting debt relief which freed government revenues for rehabilitation of the social services sectors.

What Jagdeo achieved is a mystery. We do know that the PPP inherited a successful Guysuco from Hoyte and Jagdeo destroyed it by putting his incompetent and corrupt cronies to ruin it. Every aspect of the economy under the control of Jagdeo was mired by this.  Look at the infamous Buddy's hotel.  And of course there is Skeldon and the Berbice bridge that even PPP supporters had to wail about in how poor people were extorted so that Jagdeo's buddies could earn a return. NIS funds were also pilfered.

What you think is "development" is but money laundering and the creation of a speculative economy. You cannot name one new industry which developed under the PPP aside from call centers which you have ridiculed.

Kaiteur News has a lengthy section describing the numerous corrupt cronyism that Jagdeo and his Indocrat friends engaged in.  The Heist of Guyana.

A huge entertainment complex is being built by a Guyanese of Trinidadian ancestry.  Pretty much the type of investment that occurred under the PPP. Yet you will scream that the private sector is dead.

The current difficulties are because remittances are down as are gold prices and the real estate bubble is popping.  The prices quoted in US dollars indicates that a lot of the real estate wasn't aimed at locals who earn GY$.

caribny posted:

A huge entertainment complex is being built by a Guyanese of Trinidadian ancestry.  Pretty much the type of investment that occurred under the PPP. Yet you will scream that the private sector is dead.

The current difficulties are because remittances are down as are gold prices and the real estate bubble is popping.  The prices quoted in US dollars indicates that a lot of the real estate wasn't aimed at locals who earn GY$.

Ow bai, ketch sense nah. That project started way under the PPP rule, now the man stuck between a rock and a hard place, he can't back out now. Lucky for him, oil is found, so maybe there may be some promise for his business. Lucky for me I own land next to the complex. But this trini must have a hole in his head, his complex is a mere 1/2 mile from Bepat's complex. For such a small country, two entertainment complex and malls right next to each other is a recipe for disaster. 

caribny posted:

Now you have me rolling on the ground. Now Indo Guyanese go to Trinidad and hire the much better educated Indo Trinidadians.  What a joke.

Any analysis of Guyana identifies that by 1992 the economy had already began to recover because of the economic reforms by Hoyte, who also began to reduce the state control of the economy by divesting several state owned corporations. DDL being one of them. 

Freeing the economy also encouraged remittances as shortages of basics ended and so the need to send in barrels filled with goods was replaced by wiring funds instead.  These proceeds went into the retail sectors and into construction and transportation.

The growth that began under Hoyte continued under Cheddi. By 2000 the impacts of the reforms began to weaken and the economy stagnated until soaring gold prices around 2007 rescued the economy.

So in fact credit should go to Hoyte for reforming the economy, and to Cheddi for respecting this and not seeking to undermine these reforms with Marxist Leninism.  He succeeded in getting debt relief which freed government revenues for rehabilitation of the social services sectors.

What Jagdeo achieved is a mystery. We do know that the PPP inherited a successful Guysuco from Hoyte and Jagdeo destroyed it by putting his incompetent and corrupt cronies to ruin it. Every aspect of the economy under the control of Jagdeo was mired by this.  Look at the infamous Buddy's hotel.  And of course there is Skeldon and the Berbice bridge that even PPP supporters had to wail about in how poor people were extorted so that Jagdeo's buddies could earn a return. NIS funds were also pilfered.

What you think is "development" is but money laundering and the creation of a speculative economy. You cannot name one new industry which developed under the PPP aside from call centers which you have ridiculed.

Kaiteur News has a lengthy section describing the numerous corrupt cronyism that Jagdeo and his Indocrat friends engaged in.  The Heist of Guyana.

Ok some credit to Hoyte for rolling back Burham's repressive policies, but he had no choice. When will you give PPP credit for anything? Never?

Guyana [Government] set to earn close to 1 million US dollars per day from profit oil, royalties.

This would be a truer statement.

Guyana stands only to benefit from any oil revenue. Hopefully it helps to improve the standard of living of all Guyanese.